Tax Information

In April, the ADM Board of Education set the property tax rate for fiscal year 2020 with no tax rate increase from the current fiscal year. ADM’s debt service levy (the levy that supports capital projects) has been set to remain at $4.05/thousand. There is no tax rate increase anticipated for fiscal year 2021.

The bond for the new elementary will be assigned to the debt service levy. The debt service levy is one part of the total school tax rate, which also includes the General, PPEL, and Management funds. Each of the levies independently increases or decreases annually, and when combined, form the overall school tax rate. Conservative projections for these levies show the bond for the new building will not require an increase in the overall school tax rate levy in FY21 as noted above.